Rare earth market update on November 26, 2025
On November 26, 2025, the domestic rare earth market maintained overall stable operation. Against the backdrop of a relatively balanced supply-demand relationship and the absence of major news releases in the market, product prices consolidated within a narrow range, and the purchasing and selling atmosphere in the market was relatively calm. Under these circumstances, some industry participants expect the rare earth market to continue moving sideways in the short term. Today, the prices of praseodymium oxide, gadolinium oxide, and holmium oxide are approximately RMB 574,000 per ton, RMB 160,000 per ton, and RMB 500,000 per ton, respectively.
From the supply side, influenced by factors such as low product selling prices, weak downstream demand, high production costs, and stricter environmental policies, the output of some rare earth production enterprises has decreased. Coupled with limited imports of rare earth products from overseas, spot market supply has slowed down further. From the demand side, due to tight working capital in downstream production enterprises and high raw material inventory levels in the market, purchasers generally maintain rigid demand and mostly adopt a wait-and-see approach.
According to information from the Baotou Industry and Information Technology Bureau website, from January to October 2025, the value-added of industries above the designated size in Baotou City increased by 10.8% year-on-year, up 0.9 percentage points from the first three quarters. This growth is 4.7 and 4.6 percentage points higher than the national (6.1%) and regional (6.2%) averages, respectively. Among them, the value-added of the non-ferrous metal mining and dressing industry (including rare earths) increased by 59.4%, contributing to a 0.9 percentage point increase in the value-added of industries above the designated size. The rare earth industry made a prominent contribution. The value-added of the rare earth industry increased by 21.3% year-on-year, up 1.6 percentage points from the first three quarters, contributing 26.2% to the value-added of industries above the designated size in the city.
Price of rare earth products on November 26, 2025
Images of erbium oxide
